Wells v. Shearson Lehman/American Express

BVLaw
Full Text of Court Cases
June 7, 1988
malpractice (appraisal)
beta, discount rate, terminal value, capital asset pricing model (CAPM), fairness opinion

Wells v. Shearson Lehman/American Express
526 N.E.2d 8
US
State Court
New York
Supreme Court
Kaye

Summary

At issue is the valuation of stock in a management buyout, in which shareholder argues that the board and shareholders were misinformed as to the value of the stock.